Best Casino Stocks To Invest In Right Now: Wynn Resorts Limited(WYNN)
Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company owns and operates Wynn Las Vegas casino resort in Las Vegas, which includes approximately 22 food and beverage outlets comprising 5 dining restaurants; 2 nightclubs; 1 spa and salon; 1 Ferrari and Maserati automobile dealership; wedding chapels; an 18-hole golf course; meeting space; and foot retail promenade featuring boutiques. Wynn Las Vegas casino resort also features approximately 147 table games, 1 baccarat salon, private VIP gaming rooms, 1 poker room, 1,842 slot machines, and 1 race and sports book. It also owns and operates an Encore at Wynn Las Vegas resort, a destination casino resort located adjacent to Wynn Las Vegas that features a 2,034 all-suite hotel, as well as a casino with 95 table games, 1 sky casino, 1 baccarat salon, private VIP gaming rooms, and 778 slot machines. In addition, the company operates Wyn n Macau casino resort located in the Macau Special Administrative Region of the People?s Republic of China. Wynn Macau casino resort features approximately 595 hotel rooms and suites, 410 table games, 935 slot machines, 1 poker room, 1 sky casino, 6 restaurants, 1 spa and salon, lounges, meeting facilities, and retail space featuring boutiques. Further, it operates Encore at Wynn Macau resort located adjacent to Wynn Macau. Encore at Wynn Macau resort features approximately 410 luxury suites and 4 villas, as well as casino gaming space, including a sky casino consisting of 60 table games and 80 slot machines, 2 restaurants, 1 luxury spa, and retail space. The company was founded in 2002 and is based in Las Vegas, Nevada.
Advisors' Opinion:- [By Bradley Seth, McNew]
Melco Crown (NASDAQ: MPEL ) is one of the most profi! table and rapidly growing casino companies in Macau. Along with competitors Wynn Resorts (NASDAQ: WYNN ) and Las Vegas Sands (NYSE: LVS ) , Melco Crown has made massive gains from the increased visitation and revenue growth of the Macau gaming market. Yet the stock currently looks undervalued for its current strength and future growth prospects. With each of the major companies bringing new casinos to the Cotai strip in Macau in the next two years, here's why you should be excited over Melco Crown's coming Studio City.
- [By Ben Levisohn]
Stocks ticked lower today despite economic data that would seem to have one foot solidly in the bullish camp. Quiksilver (ZQK), Verizon Communications (VZ), Wynn Resorts (WYNN) and E*Trade Financial (ETFC) fell.
- [By John Divine]
The S&P 500 Index (SNPINDEX: ^GSPC ) retreated from the all-time highs it reached yesterday, as a trace of bearishness returned to the stock market today. Although both factory orders and motor vehicle sales came in higher than expected, the three major U.S. indices each fell, and Wynn Resorts (NASDAQ: WYNN ) , Cliffs Natural Resources (NYSE: CLF ) and E*Trade Financial (NASDAQ: ETFC ) finished as the three worst performers in the S&P 500. The benchmark index itself didn't take much of a hit, losing less than a point, or less than 0.1%, to finish at 1,924.
source from Top Stocks For 2015:http://www.topstocksblog.com/best-casino-stocks-to-invest-in-right-now-3.html
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